Type Private Revenue £878.9 million (2007) Net income £151.3 million (2007) CEO Richard Flint (Apr 2010–) Founded 1989 | Industry Utility Operating income Headquarters Bradford, United Kingdom Number of employees 3,843 Parent organization Kelda Holdings Ltd | |
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Key people John Napier, Chairman
Kevin Whiteman, CEO Subsidiaries Yorkshire Water, Kelda Finance (No.1) Limited Profiles | ||
Kelda group double yellow share use path parking
Kelda Group is a British utility company. It is based in Bradford, England. It was formerly listed on the London Stock Exchange and a constituent of the FTSE 100 Index, but was taken private by a group of investors, Saltaire Water, in 2008. Saltaire Water members include CitiBank and HSBC Holdings.
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History
Kelda Group, originally known as Yorkshire Water plc, was one of the regional water companies privatised in 1989. It changed to its current name in 1999. In 2000 Kelda purchased the United States water supply business Aquarion and subsequently announced the conditional sale of this asset in February 2006. It was taken private in a £3.04 billion deal in February 2008 by Saltaire Water, a consortium of investment companies including Citigroup and HSBC.
Operations
Yorkshire Water remains its principal UK business. It provides water to several million people in northern England, mainly in the catchment area of the River Ouse. It has interests in non-regulated businesses related to its main activity, such as environmental management.